LeadFX Inc. announced the major expansion of its base metals interests through the acquisition of the high grade Bongará Zinc Project ("Bongará") in north-central Peru. Bongará is hosted within a substantial zinc belt that extends the length of Peru and hosts many carbonate replacement deposits including the nearby Florida Canyon deposit that hosts a measured and indicated mineral resource estimate of 3.3B'lbs of zinc at 13% Zn equivalent. Significant exploration opportunities exist within the Bongará zinc district. In 2007 and 2008, mining activities were undertaken in the Mina Grande and Mina Grande North deposits of the Bongará Zinc Project. Approximately 150,000 tonnes of high grade zinc ore was mined and hauled to the coast where it was treated using a conventional Waelz kiln to produce zinc calcine that was sold to various smelters to produce approximately 25,000 tonnes of zinc metal. The immediate focus of the Company is to review and assess existing geological and mine planning databases, review mineral processing alternatives, plan exploration and resource drilling and undertake stakeholder consultation. The Bongará Zinc Project complements LeadFX'sParoo Station Lead Mine ("Paroo Station") in Western Australia where the Company continues to assess the optimal conditions to re-start operations. It is fully permitted to recommence concentrate production and export activities, and to produce lead ingots through additional on-site downstream hydrometallurgical facilities. LeadFX aims to add on-site concentrate processing facilities to produce LME grade lead ingots.